Cyber Security Best Practices

WARNING! Given the rise in cyber crime, if you receive an e-mail or any other communication that appears to be generated from Title Stream that contains new, revised or altered bank wire instructions, please consider it suspect and call our office at a number you trust. Always call Title Stream BEFORE wiring to verify wiring

When selling a condominium unit, what does the Seller have to provide to the Buyer, and how long does a Buyer have to cancel the contract after receiving the information? It depends on whether it is an initial sale (from developer/declarant) or a resale (any seller other than developer/declarant).   INITIAL SALE OF A UNIT

The Landlord-Tenant Relationship

Title Stream is a certified vendor under the LREC, and we continue to offer a variety of complimentary classes throughout the year to help further real estate agents in their profession.  One such offered course is on the Landlord Tenant Relationship.  Below you will find a few takeaways from this two hour CE. A lease

The operation of Short Term Rentals in New Orleans was legalized on April 1, 2017.  City Council adopted a series of ordinances creating three kinds of short term rental permits: Accessory, Temporary, and Commercial. Each type of permit has different requirements and allowances, summarized as follow: Accessory Permits can be obtained by a homeowner who

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Taxation and Real Estate

On December 22, 2017 the President signed a new tax bill that affects real estate called Tax Cuts and Jobs Act. It became effective January 1, 2018 and affects income taxes for income earned in 2018. The bill, affecting taxation and real estate, in summary is as follows: Federal Income Tax Only $10,000 can be deducted

Recently, The Louisiana Real Estate Commission (LREC) has drafted a new Residential Property Disclosure which is required to be filled out by sellers in residential real estate transactions. This new disclosure is available for use now (view it here), even though its use will not be a mandatory requirement until March 2018. The most drastic

Quick Guide to Wills

As of July 1, 1999, Louisiana law now only recognizes two forms of testaments as valid: Olographic Testaments and Notarial Testaments. However, if a testator wrote a will in accordance with the form requirements for one of the types of testaments which existed prior to the revision, then that testament will still be considered valid

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A homeowners association works almost as if they are a mini-government, making and enforcing their own laws. As a real estate attorney, I get calls almost weekly asking about restrictions, by-laws and the enforceability of each. Turns out HOAs have a decent amount of power if the restrictions grant such power and if the rules

Quick Guide to Successions

Successions Without Administration: This type of succession is recommended for estates worth more than $75,000 and that are not overly complex. This is the most common type of succession in Louisiana. In this type of succession the executor of the estate is approved as an independent executor and they are free to manage the estate’s

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smart homes

When a house is being sold, the prevailing notion is that the seller is still entitled to everything not screwed or embedded into the property upon final walk through. For decades, an emptied house looks roughly the same no matter where you are: empty walls, while plugs and light switches remain. Today, more and more